Quote from: CrytoMachine_11 on February 06, 2018, 02:48:16 PM

Interesting times in the market.

ICN is tanking again due to the current crypto crash. However ICN is tanking more than the market (P/B down to 0.5)...
They still hold around 10 million $ in cash (https://icnhodler.com/book-value). CCP has around 1M in euro as well.

What should they do?
- Use the cash to buy BTC, ETH or ICN?
- Use the cash and their other cryptos (BTC, ETH...) to buy more ICN tokens (currently undervalued)?
- Wait to see how this all plays out?

Imo they should be buying stuff with their cash. Current market is a buy opportunity.

Your P/B is incorrect. Their Book Value would have fallen with the bear market. You're using the last reported book value, which isn't current. Remember, markets are forward looking, not backward looking.

The ICN volatility isn't something new. We've generally seen that ICN falls much more than both BTC and ETH during bear markets.

If the team has cash, in general, they should be using it to buy back and burn more ICN. However, perhaps they need that money to pay salaries. This can be the biggest expense and what drastically reduces value to ICN holders.